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04/06/2020
Country risk and economic studies

All the News

04/01/2020
Corporate news

COFACE SA: Announcement regarding the dividend

COFACE SA’s Board of Directors met on 1st April 2020 to look at the group’s activity in the current economic environment.

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03/31/2020
Corporate news

Fitch places Coface on Rating Watch Negative

The rating agency Fitch has, on 31 March 2020 placed Coface on Rating Watch Negative. This includes Coface’s Insurer Financial Strength (IFS) rating.

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03/27/2020
Corporate news

Review of the credit insurance sector by Moody's

The rating agency Moody's confirmed Coface’s Insurance Financial Strength (IFS) A2 rating on 27 March 2020. The outlook for this rating has been changed to negative.

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03/18/2020
Corporate news

Ruben Nizard Joining Coface North America in the Role of North American Economist

Coface North America is pleased to announce that Ruben Nizard has joined our Organization in the role of Economist for the North American Region including U.S.A. and Canada. Ruben in his new role will be responsible for providing in depth analysis of the North American economy, including analysis of impacts caused by current trends and global economic influences.

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02/25/2020
Corporate news

Coface capitalizes on its strategic successes and launches Build to Lead, its new 2023 strategic plan

Build to Lead will broaden and deepen the business and cultural transformation initiated in Fit to Win. In particular the new plan will: Continue to strengthen risk management and underwriting discipline; Improve service, and commercial and operational efficiency; Invest in select growth initiatives in trade credit insurance as well as in specialty lines; Maintain balance sheet strength.

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02/25/2020
Corporate news

COFACE SA: Shareholding evolution

COFACE SA (“COFACE”) acknowledges the announcement made today by Natixis of its sale of 29.5% of the share capital of COFACE to Arch Capital Group Ltd (“Arch”) as well as Arch’s affirmed support of COFACE’s current management and of its new 2023 strategic plan Build to Lead.

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02/24/2020
Corporate news

AM Best assigns A (Excellent) rating to Compagnie française d'assurance pour le commerce extérieur and to Coface Re SA

Rating agency AM Best has assigned a Financial Strength Rating (FSR) of A (Excellent) to Compagnie française d'assurance pour le commerce extérieur (la Compagnie) and to Coface Re. Both ratings have a stable outlook. The agency has also affirmed the FSR of Coface North America Insurance Company (CNAIC) to A (Excellent). The outlook remains stable.

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02/06/2020
Country risk and economic studies

Political and environmental risks are the main threats facing businesses in 2020

As Coface launches the 2020 edition of its Country & Sector Risks Handbook, Chief Economist Julien Marcilly today presents the main threats for the global economy in 2020 at the Coface Country Risk Conference in Paris. The US-China trade agreement will not be enough to rekindle international trade.

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02/05/2020
Corporate news

FY-2019 results: Record net income up 20% at €146.7m and proposed dividend per share of €1.0

We have completed our Fit to Win plan with record results, despite a riskier economic environment. Our net income is up by 20%, to €147m. The tangible return on equity comes in at 9.1%, excluding non-recurring items. Record retention and a pick-up in new business boosted growth to 5.9%. Finally, in terms of capital, the French regulator authorized our usage of our internal model to calculate the solvency requirement. Our solvency ratio stands at 190%, up 21 points, which allows us to propose a payment of a dividend of €1.0 per share to the Shareholders Annual General Assembly.

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12/04/2019
Corporate news

COFACE SA: Partial Internal Model approved - Solvency ratio at 187%* as of 31 December 2018

COFACE SA announces that it has received authorisation from the French Prudential Supervision and Resolution Authority (ACPR) to use the group’s Partial Internal Model for calculating its regulatory capital requirement under the Solvency II Directive as soon as at 31 December 2019.

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11/19/2019
Corporate news, Product news

Broker Portal, Coface’s new digital interface for its brokers

Coface launches its new portal for brokers, offering a new experience to its partners in the development of their business around the world.

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10/23/2019
Corporate news

Coface reports strong third quarter

Coface recorded yet another strong quarter despite an economic context that has continued to deteriorate in line with our expectations. Our strong performance illustrates the effectiveness of the transformation we have implemented within Coface over the past three years, which has notably resulted in the significant improvement of our risk management processes. Commercial momentum was positive this quarter, as new business is continuing to grow whereas our clients’ activity is slowing down. We are maintaining our selective underwriting policy, which is now bearing fruit in a more volatile environment.

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07/25/2019
Corporate news

Coface delivers record first semester in riskier economy

Net income up 25% at €78.5m, RoATE at 9.6% and Partial Internal Model submitted

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07/10/2019
Corporate news, Product news

Coface fills key executive roles to position for future growth in the United States and Canada

Coface North America, a leader in Credit Insurance and Business Information Services, is pleased to announce several key leadership appointments as it realigns the organization for growth. Lee Spurrier has been named to lead US Sales, Benoit Urbin will serve as Canada Country Manager, Paul Haigley will head North America Commercial Underwriting and Daniel Franca will oversee our focused efforts in the Financial Institutions & Structured Products markets. “Ensuring we have the best leaders in the right roles is a priority for me as we work to best serve our current and prospective clients, distributors, and partners,” said Oscar Villalonga, CEO of Coface North America.

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06/14/2019
Corporate news

COFACE SA enters into the SBF120 index

The SBF 120 is one of the leading Paris stock market indices. It tracks the top 120 companies, in terms of market capitalization and liquidity.

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05/28/2019
Corporate news, Product news

Coface Launches New and Enhanced Credit Information Reports

Coface is pleased to announce it has launched an array of new and enhanced credit information products under its Business Information Services line.

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04/24/2019
Corporate news

Coface delivers a strong first quarter 2019

Net income at €36.4m and RoATE at 9.0%, supported by full impact of Fit to Win plan, portfolio growth and sound underwriting management

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04/15/2019
Corporate news

Coface strengthens its market position in the Adriatic region by acquiring SID - PKZ, the leading credit insurance company in Slovenia

Coface announces today the acquisition of SID - PKZ, the market leader in credit insurance in Slovenia with a high market share. As Coface has acquired all SID - PKZ shares, the business will operate under the new brand name Coface PKZ. The acquisition supports Coface’s strategy of profitable growth in Central & Eastern Europe region.

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04/03/2019
Corporate news

Coface announces the publication of its 2018 Registration Document

The 2018 Registration Document includes the following information: The 2018 Annual financial report; The Report on corporate governance (attached to the management report); The Statutory Auditors’ reports and the news release concerning their fees; The description of the share buyback program; The draft resolutions submitted to the vote of the Combined Shareholders’ Meeting of May 16th 2019; The Non-Financial Performance Statement.

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03/28/2019
Corporate news

COFACE SA: Dividend per share at 0.79€, representing 100% of EPS. Nathalie Bricker and Nicolas Moreau are proposed as new directors.

The Board of Directors of Coface SA met on 27th March 2019 and has decided to propose a dividend of €0.79 per share (representing a payout of 100%). Subject to approval of this proposal by the Annual General Meeting on 16th May 2019, the ex-dividend date will be on 22nd May 2019 and the payment date will be on 24th May 2019.
The Board also decided, on the recommendation of the Compensation & Nomination Committee, to propose to the Annual General Meeting of Shareholders, the appointment of two new Board members, Nathalie Bricker (non- independent), CFO of Natixis and Nicolas Moreau (independent).

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